Indian Railway Catering And Tourism Corporation Limited CC-Mar24.pdf · 2024-05-29
Sir, my question is on our Catering division. So if I look at our EBIT margin, which used to hover in the band of about 15% to 17% in the last 3 quarters, they have come down to about 8.7%. So any specific reason for such a sharp deterioration? And how sho uld we look at the margin trajectory over the next couple of quarters?
Sure, sir. Just a related follow -up. You mentioned that there was some one -off pertaining to 9 departmental catering unit -- the cost pertaining to this catering unit. And if I heard it right, you mentioned that amount was INR2 crores, which again is not a very big sum. And again, you also highlighted that there was 5% GST on mobile catering, but I believe that should be a pass - through. So I'm still not very clear as to what basically led to a sharp deterioration because from INR 78 crores in terms of absolute EBIT, we are down to about INR46 crores, which is a swing of about INR30 crores, INR40 crores. So if you can just probably call out one big cost line item, which is sitting in the...